NEWARK CAMPUS DEVELOPMENT FUND

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

JENNIFER ROBERTS

Phone

7403458983

Tax Period

2023-11-01 to 2024-10-31

NEWARK CAMPUS DEVELOPMENT FUND, founded in 1982, is a community nonprofit in the Education sector that reported $5.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $1.2M, a strong 22% operating margin.

Mission

THE MISSION OF THE NEWARK CAMPUS DEVELOPMENT FUND, A PERPETUAL, LOCALLY CONTROLLED SOURCE OF FUNDING, IS TO SUPPORT THE NEWARK CAMPUS OF THE OHIO STATE UNIVERSITY AND CENTRAL OHIO TECHNICAL COLLEGE BY FUNDING SCHOLARSHIPS, GRANTS, INNOVATIVE PROJECTS AND CAPITAL IMPROVEMENTS THAT ARE NOT PROVIDED BY ANY OTHER STATE RESOURCE.

Program Service Accomplishments

Program 1

Expenses: $3,580,134

THE NEWARK CAMPUS DEVELOPMENT FUND (NCDF) ACTS AS A CONDUIT FOR GENEROUS DONORS TO ASSIST THE GROWING NEEDS OF THE NEWARK CAMPUS. ESTABLISHED IN 1983, NCDF HAS PROVIDED MORE THAN $55 MILLION IN...

THE NEWARK CAMPUS DEVELOPMENT FUND (NCDF) ACTS AS A CONDUIT FOR GENEROUS DONORS TO ASSIST THE GROWING NEEDS OF THE NEWARK CAMPUS. ESTABLISHED IN 1983, NCDF HAS PROVIDED MORE THAN $55 MILLION IN SCHOLARSHIPS, GRANTS AND CAPITAL INVESTMENTS. CAPITAL PROJECTS FUNDED INCLUDE THE CONSTRUCTION OF THE EVERETT REESE BELL TOWER, THE J GILBERT REESE TECHNOLOGY CENTER, THE JOHN AND CHRISTINE WARNER LIBRARY AND STUDENT CENTER AND THE JOHN AND MARY ALFORD CENTER FOR SCIENCE AND TECHNOLOGY, AS WELL AS PROVIDING FUNDS FOR TECHNOLOGICAL EQUIPMENT, PARKING, AND CAMPUS BEAUTIFICATION.THE HEADCOUNT AT OHIO STATE NEWARK IS 2,544 AND 1,953 AT COTC FOR AUTUMN QUARTER 2024. THESE STUDENTS FACE INCREASING DIFFICULTIES PAYING FOR BOOKS & TUITION, JUGGLING MINIMUM WAGE JOBS AND COLLEGE COURSES, AS WELL AS LIVING EXPENSES OF YOUNG FAMILIES. UNRESTRICTED SCHOLARSHIP AND GRANT FUNDS HELP THE MOST TO MEET THE NEEDS OF STUDENTS. THE NCDF SUPPORTS PROJECTS AND SCHOLARSHIP NEEDS THAT STATE AND FEDERAL RESOURCES CANNOT.IN THE ACADEMIC YEAR ENDING ON JUNE 30, 2024, THE NCDF FUNDED 747 SCHOLARSHIPS AND 12 GRANTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,054,972

Program Service Revenue $0

Investment Income $3,150,745

Other Revenue $0

TOTAL REVENUE $5,205,717

Expense Breakdown

Grants Paid $3,511,689

Salaries & Benefits $150,417

Fundraising Expenses $38,037

Program Expenses $3,580,134

Other Expenses $385,344

TOTAL EXPENSES $4,047,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,205,717	$5,644,503	-0.1%
Expenses	$4,047,450	$5,405,435	-0.3%
Net Income	$1,158,267	$239,068	+3.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✓ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$102,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT O'NEILL	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS F MOCK	TRUSTEE	1.00	Director	$0	$0	$0
C DANIEL DELAWDER	TRUSTEE	1.00	Director	$0	$0	$0
SARAH R WALLACE	TRUSTEE	1.00	Director	$0	$0	$0
SETH PATTON	TREASURER	1.00	Officer Director	$0	$0	$0
STUART PARSONS	PRESIDENT	1.00	Officer Director	$0	$0	$0
RONALD ALFORD	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT MONTAGNESE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARY M ALBRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
DAVID FRYMAN	TRUSTEE	1.00	Director	$0	$0	$0
RANDY ANSTINE	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER ROBERTS	EXECUTIVE DIRECTOR	18.00	Officer	$61,823	$1,855	$63,678
SIOBHAN R CLOVIS	ASST SECRETARY	1.00	Officer	$0	$0	$0
LEE HECKMAN	SECRETARY	1.00	Officer	$0	$0	$0
JULIE DEIBEL	CHIEF FINANCIAL OFFICER	14.00	Officer	$37,387	$1,122	$38,509

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$5,205,717	$4,047,450	$54,774,748	$1,158,267
2023	$5,644,503	$5,405,435	$45,362,748	$239,068
2022	$5,392,589	$4,321,929	$46,188,618	$1,070,660
2021	$7,529,425	$4,575,600	$55,607,553	$2,953,825
2020	$5,377,217	$5,499,883	$44,149,352	$-122,666
2019	$4,922,514	$4,978,195	$44,669,070	$-55,681
2018	$4,237,128	$2,351,441	$41,790,037	$1,885,687